Reem Finance has partnered with Temenos, a global leader in banking technology, to launch a cutting-edge digital community bank in the United Arab Emirates (UAE). This collaboration highlights Reem Finance’s commitment to operational efficiency, regulatory compliance, and customer-centric services through innovative technology.
The new bank will leverage Temenos’ market-leading core banking platform, renowned for its advanced retail and corporate banking capabilities. Delivered as Software-as-a-Service (SaaS), the platform enables rapid scalability and streamlined operations. With robust localisation features, it ensures the bank can adapt swiftly to the UAE’s dynamic financial landscape while maintaining compliance with regional requirements.
The integration of Temenos’ core banking, payments, and data analytics solutions will allow the digital bank to deliver seamless services to individual and business customers alike. This advanced platform is designed to optimise banking processes, reduce operational costs, and empower Reem Finance to compete effectively in the UAE’s evolving banking sector.
Seraj Faidi, CEO of Reem Finance, expressed enthusiasm for the partnership, saying:
We are thrilled to collaborate with Temenos to launch our digital community bank in the UAE. Temenos’ innovative SaaS platform equips us to innovate rapidly, scale efficiently, and offer exceptional customer experiences. This partnership represents a significant step forward in transforming how banking services are delivered, with a strong focus on accessibility, scalability, and seamless financial solutions for both retail and corporate clients.”
William Moroney, Chief Revenue Officer at Temenos, echoed this sentiment, stating:
We are proud to support Reem Finance in launching their digital community bank. With a proven track record in cloud banking and a deep understanding of the Middle East market, Temenos is committed to enabling Reem Finance to deliver next-generation financial services. This collaboration underscores our shared vision to drive financial inclusion and innovation in the UAE.”
This partnership positions Reem Finance as a key player in the UAE’s financial ecosystem, unlocking new growth opportunities while enhancing customer experience and operational excellence.
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